An increase in the expenditure in the healthcare industry is fueling the market for medical tubing
- Himanshu Patni
- November 19, 2022
- Medical Tubing Market, Medical Tubing Market Growth, Medical Tubing Market Share, Medical Tubing Market Size, Medical Tubing Market trends
- 0 Comments
The global medical tubing market is likely to showcase a growth of around 9% during the forecast period. The growing demand for medical devices and equipment related to cardiovascular and respiratory diseases is rising the demand for medical tubing. Furthermore, increasing investment in the healthcare sector to improve the healthcare infrastructure is likely to increase the demand for medical tubing.
Medical tubing is utilized in the medical industry for various medical or pharmaceutical-related purposes to meet requirements and standards such as management of drainage and fluid, respiratory and anaesthesiology equipment, IVs, catheters, peristaltic pumps, and biopharmaceutical laboratory equipment. Further, it is also used to run catheters in cardiac catheterizations to test for heart disease and locate narrowing blood vessels, measure pressure and oxygen levels in different parts of the heart, check pump functions, biopsy, diagnose congenital heart defects and identify heart valve issues using catheterizations. For instance, cardiac and urinary catheterization done by utilizing catheter medical tubing considerably decreases the time taken for the concerned medical or surgical procedure. Therefore, the increasing demand for a minimally invasive medical procedure and the need for increasing the efficiency of this procedure is playing a crucial role in fuelling the demand for medical tubing.
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Based on material, the market is categorized into fluoropolymers, polyolefins, polyvinyl chloride (PVC), silicone, and others. Among these, silicone has a prominent share in the market. Silicone has numerous advantages over other materials, such as natural rubber. It is more bio-compatible than rubber medical tubes and does not support bacterial growth. Furthermore, silicone is recyclable and can be reused multiple times. Additionally, it has excellent dimensional stability and is resistant to various factors such as chemicals, temperature, and UV radiation.
Based on structure, the market is categorized into single-lumen tubing, multi-lumen tubing, tapered or bump tubing, balloon tubing, and others. Among these, multi-lumen tubing held a considerable market share. This is mainly ascribed as it is used in catheters and endoscopes for flushing and respiration, heating and cooling, monitoring flow rates, and drug fusion due to its dielectric properties such as temperature, resistance, high lubricity, and biocompatibility.
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For a better understanding of the market adoption of medical tubing, the market is analyzed on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held a considerable share in the market and demand is expected to maintain a strong position during the foreseeable future. This can be attributed to the high expenditure in the healthcare industry and the growing old-age population in the region. For instance, according to the U.S. Census Bureau, more than 55 million Americans are age 65 or older. Thus, it could increase the demand for medical tubing devices for various purposes such as a feeding tube may be required if a person has been placed on a ventilator to help them breathe. Thereby, it will fuel the demand for medical tubing in the region.
Global Medical Tubing Segmentation
Market Insight, by Material
• Polyvinyl Chloride (PVC)
Market Insight, by Structure
• Single-lumen Tubing
• Multi-lumen Tubing
• Tapered or Bump Tubing
• Balloon Tubing
Market Insight, by Application
- Bulk disposable tubing
- Drug delivery systems
Market Insight, by End-User
- Hospitals and clinics
- Ambulatory surgical centers
- Medical labs
Market Insight, by Region
- North America Medical Tubing Market
- United States
- Rest of North America
- Europe Medical Tubing Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Medical Tubing Market
- Rest of Asia-Pacific
- Rest of World Medical Tubing Market
• Saint-Gobain Performance Plastics Inc.
• Teleflex Incorporated
• Freudenberg Medical, LLC
• Nordson Corporation
• RAUMEDIC AG
• Zarys International Group
• Boston Scientific Corporation
• MicroLumen, Inc.
• Trelleborg Group
• Vanguard Products Corporation